Tax Risk Manager: Group Functions and Oversight

6 months ago

Sandton, South Africa Absa Bank Limited Full time

Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

The purpose of the role is to provide support to the Head of Tax: Group Functions and Oversight as 2IC. Identifying and implementing associated best practice improvements for the income tax compliance and reporting obligations of the Absa Group and to ensure the impact of tax legislation is fully understood and implemented within the group through the various processes.

**Job Description**:
The role is responsible for but not limited to:

- Financial and management reporting: Final collation of all tax consolidations and Annual Financial Statement tax disclosure notes. Completion of Absa Bank Ltd tax consolidations, individual tax notes as well as commentary for Management. Review and prepare relevant financial, management and tax transparency reports (ESG / Integrated) for the consolidated Group (IFRS and Normalised).
- Reconcile, validate and support tax balances through processes and consistant monitoring of Financial Control System (Capone) Tax rules applicable to tax posting.
- Tax advice and support relating to group-wide functions (for example all divisions of Absa Bank Limited) and other areas which are not specific to a business unit.
- Participating in / and co-ordinating Group Tax participation in the group-wide direct tax forecasting, reporting and compliance.
- Tax Returns and SARS queries / correspondense: Main taxpayer / entity responsibility: Absa Bank Ltd (completion and submission of returns, schedules, payments and replies). Secondary responsibility of review and validation of medium to large returns as identified.
- Establish and maintain good relationships with all the Absa Group subsidiaries, Financial Control - Accounting Control (Tax Team).
- Disseminate and implement of new Income Tax compliance requirements.
- Provide guidance and leadership to AVP’s within the Functions and Oversight Team - including feedback and ratings.

Key Accountabilities

Accountability: Provide Tax Advice and Support for Group-Wide Functions to ensure full compliance with the tax laws in a tax efficient manner
- Give advice on the direct tax treatment (including tax accounting) of income and expenditure flowing from projects and initiatives in group-centre functions in conjunction with other Group Functions and Oversight members.
- Report on all identified tax risks by questioning and validating risk indicators, considering strategy to suggest optimisation of the tax position.

Accountability: Tax Reporting and Forecasting
- Prepare / support monthly, quarterly and annual tax reporting, tax consolidation computations and tax contributions reporting (payments included in cash flow) for all direct taxes tracking the activities to ensure compliance with timelines.
- Review and identify improvements to existing standard operating processes to ensure high quality and consistent control standards for reporting and forecasting through electronic file creation and updating. Managing the standard and improvement of Group wide tax template(s) and inclusion of changes in tax legislation and/or accounting policies as an when required.
- Review and validate submissions from business unit and country teams, including the US and the UK reporting to the Head of Tax: Group Functions and Oversight on risks and or opportunities for improvement.
- Suggesting and implementing technology improvements in the standard operating processes used by Group Functions and Oversight.
- Support and guide the Group Functions and Oversight team in the completion of monthly income tax reporting templates / reports of Absa’s management accounting units / Clusters.
- Managing the income tax forecasting process by calculating projected tax liabilities and income statement charge, based on forecasted financials. This would include:
o Proactively contributing to Group Function (Head-Office) business unit interactions and sign-off. As well as collating the Group Tax Attestations for the overall group wide forecast outlook from a tax perspective to enable the Head of Tax: Group Functions and Oversight to attest.
- Track and report on the opportunities and risks
- Ensuring forecasted / outlook information is available for provisional tax estimates for Absa Bank Ltd.
- Tracking Actual results compared to Forecast / Outlook ensuring all deviations are well communicated and understood on a monthly basis.
- Preparation and review of tax consolidations on all different levels of consolidation on a quarterly basis - including management commentary and analysis of Year-on-Year results.
- Preparing income tax disclosures for financial reporting purposes both at a consolidated and legal entity level, includ

  • Tax Risk Management

    6 months ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Group Risk Officer Enterprise Risk

    5 months ago

    Sandton, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary The...

  • Senior Manager: Operational Risk

    7 days ago

    Sandton, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job...

  • Group Tax Accountant

    1 month ago

    Sandton, South Africa CA Financial Appointments Full time

    Exciting Opportunity for a Group Tax AccountantCA Financial Appointments is seeking a highly skilled Group Tax Accountant to join our finance team. As a key member of our team, you will be responsible for handling tax inquiries, complex tax issues, and providing financial advice to stakeholders.Key Responsibilities:Utilize tax research tools to resolve tax...

  • Group Tax Accountant

    1 month ago

    Sandton, South Africa CA Financial Appointments Full time

    Fantastic opportunity to join the finance team of a top employer with great leadership as their Group Tax Accountant. This team is a successful multinational business with a group of entities, who value their staff, will offer great exposure to the best technologies, reward their team and are innovative and not afraid to embrace new technologies! Bring your...

  • Group Tax Accountant

    1 month ago

    Sandton, South Africa CA Financial Appointments Full time

    Fantastic opportunity to join the finance team of a top employer with great leadership as their Group Tax Accountant. This team is a successful multinational business with a group of entities, who value their staff, will offer great exposure to the best technologies, reward their team and are innovative and not afraid to embrace new technologies! Bring your...

  • Senior Manager Cib Operational Risk, Governance and

    3 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job...

  • Tax Specialist

    3 months ago

    Sandton, South Africa IDC Full time

    The tax specialist role exists to provide expert tax advisory services, focusing on tax planning, equity and loan deal structuring, and cross-border investments locally as well as in Africa. The role includes evaluating the impact of new projects, liaising with external tax experts, and ensuring optimal tax strategies for the company. Additionally, the...

  • Risk Manager

    5 months ago

    Sandton, South Africa Guardrisk Full time

    **Introduction** - The Corporate risk manager will be responsible for Guardrisk Group including 5 short and long-term insurance licenses under its management control and exposure to international insurance licenses in the Group. The successful applicant will be responsible for identifying, assessing, managing, monitoring and reporting of risk as well as the...

  • Senior Manager

    1 month ago

    Sandton, South Africa BDO South Africa Full time

    BDO South Africa is seeking a qualified and experienced Senior Consultant or Assistant Manager in International Tax. As a key member of the International Tax and Transfer Pricing team, you will undertake a variety of responsibilities: Project Involvement:Serve as a primary contact for clients alongside the director, ensuring prompt responses to client...

  • Assistant Manager

    1 month ago

    Sandton, South Africa BDO South Africa Full time

    BDO South Africa is seeking a qualified and experienced Senior Consultant or Assistant Manager to join our International Tax and Transfer Pricing team. In this role, you will be entrusted with a variety of responsibilities, including: Project Involvement:Serve as a primary contact for clients alongside the director, ensuring prompt responses to client...

  • Operational Manager for Functions and Banqueting

    2 weeks ago

    Sandton, South Africa Tsebo Group Full time

    Key Responsibilities:Manage the overall planning, coordination, and control of functions and banqueting operations.Maintain 5-star standards as set by the company and clients within agreed budgetary limits.Work closely with clients to understand their needs and preferences.Develop and implement strategies to enhance the quality and efficiency of functions...

  • Indirect Tax Specialist

    3 weeks ago

    Sandton, South Africa AECI Full time

    Prepare and submit VAT, GST, and other indirect tax returns across various jurisdictions, ensuring accuracy and timely submission in accordance with local indirect tax regulations.Ensure that proper documentation is maintained for all indirect tax filings and payments, keeping accurate and up-to-date records to support audits and reviews.Ensure that the...

  • Aro- Credit Risk Regulatory Reporting Manager

    2 months ago

    Sandton, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job Summary An...

  • Tax Advisory Expert

    3 weeks ago

    Sandton, South Africa TalentCru Full time

    Tax Advisory ExpertThe Tax Advisory Expert role at TalentCru exists to provide expert tax advisory services, focusing on tax planning, equity and loan deal structuring, and cross-border investments locally as well as in Africa. The role includes evaluating the impact of new projects, liaising with external tax experts, and ensuring optimal tax strategies for...

  • Risk Management Officer

    1 month ago

    Sandton, South Africa Clinix Health Group (Pty) Ltd Full time

    To plan, monitor and implement risk control measures across the Group in line with relevant legislation and CHG standards and policies. The incumbent provides support in the function by advising the business and management on any potential risks and ensure the implementation of mitigation controls. **Job Requirements**: - Bachelor’s Degree: Risk...

  • Function Chef

    2 weeks ago

    Sandton, South Africa Tsebo Group Full time

    We are recruiting for a Function Chef to join our team. The successful candidate will be responsible for assisting with the day to day running of the kitchen, managing kitchen staff, menu planning, food preparation, and ensuring high quality and standards of food presentation. The Function Chef will also be responsible for maintaining hygiene, health, and...

  • International Tax Senior Consultant

    1 month ago

    Sandton, South Africa BDO South Africa Full time

    BDO South Africa is seeking a qualified and experienced International Tax Senior Consultant or Assistant Manager to join our dynamic International Tax and Transfer Pricing team. In this role, you will be entrusted with a variety of responsibilities, including: Project Involvement:Serve as a primary contact for clients alongside the director, ensuring prompt...

  • Tax Specialist

    1 month ago

    Sandton, South Africa TalentCru Full time

    Tax Specialist RoleThe Tax Specialist role is a critical position within TalentCru, responsible for providing expert tax advisory services to drive business growth and minimize risk. This role focuses on tax planning, equity and loan deal structuring, and cross-border investments, both locally and in Africa.Key Responsibilities:Evaluate the impact of new...

  • IT Manager

    4 weeks ago

    Sandton, South Africa The Recruitment Council Full time

    Job Title: IT Manager - Strategic OversightOur client, The Recruitment Council, is seeking a highly skilled IT Manager to provide strategic oversight of systems and teams within our organization. This pivotal role involves steering team operations, ensuring infrastructure and applications align with business objectives while maintaining optimal performance...